Byteball Project (GBYTE)
Byteballl is a project of Russian origin born at the end of 2016, it has a little more than a year and a half and can be described as a decentralized database, or a decentralized system of storage and transfer of value, the secret of this project is In the technology it uses, in the same way as iota or nano, byteball does not use blockchain, being one of the few cryptocurrency projects that instead uses the DAG (Directed Acyclic Graph) technology, which avoids the size problems of blocks or scalability.
Iota and Byteball use DAG instead nano uses another type of technology, byteball could be said to be a bitcoin mix, monero, ethereum and iota, bitcoin because it serves as currency and even has a network of shops that accept bytes and that are Trying to gradually extend bytes is one of your currencies, although in the exchanges we will find it as gbytes that is equivalent to one billion bytes, are different measures of the same currency the other byteball currency is called blackbytes and is anonymous in that it is It seems and has something of monero, this currency is used to make transactions that we do not want to be seen, do not store the hash in the byteball network but in the users involved.
It has a part of ethereum because it allows to perform smart contracts, and as iota because it uses the DAG technology, that is, it has the best and the main characteristic of each of these projects, it also supported multi-signatures, this project did not take place. distributed everything through several airdrops during 2017 to people who downloaded their wallet and kept bitcoins and bytes in it, it is not worthwhile, has prediction markets that are the future of betting and one of the things that will revolutionize the sector .
In addition it already has games and allows atomic swaps, that is to say the exchange of cryptos of different blockchain without intermediaries, it is like the smart contract of ethereum that we know that allow to make this type of exchanges without intermediaries but with cryptocurrencies or blockchain tokens different, can get in exchanges such as bitrex, upbeat, cryptopia with a price around 134 dollars per gigabyte, at its maximum reached the 1000 dollars in January this 2018.
It's a good project, interesting to follow
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